American National Registered Investment Advisor Inc. reduced its stake in shares of Capital One Financial Co. (NYSE:COF) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,266 shares of the financial services provider’s stock after selling 72 shares during the quarter. American National Registered Investment Advisor Inc.’s holdings in Capital One Financial were worth $969,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Proffitt & Goodson Inc. acquired a new position in Capital One Financial during the second quarter worth about $480,000. Asahi Life Asset Management CO. LTD. acquired a new stake in shares of Capital One Financial in the second quarter valued at approximately $263,000. Empirical Finance LLC grew its position in shares of Capital One Financial by 17.1% in the second quarter. Empirical Finance LLC now owns 5,487 shares of the financial services provider’s stock valued at $849,000 after purchasing an additional 800 shares during the last quarter. Ethic Inc. grew its position in shares of Capital One Financial by 70.1% in the second quarter. Ethic Inc. now owns 15,651 shares of the financial services provider’s stock valued at $2,421,000 after purchasing an additional 6,450 shares during the last quarter. Finally, Wsfs Capital Management LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at approximately $233,000. Institutional investors own 88.51% of the company’s stock.
In other Capital One Financial news, CEO Richard D. Fairbank sold 218,989 shares of the firm’s stock in a transaction on Tuesday, July 27th. The shares were sold at an average price of $161.81, for a total transaction of $35,434,610.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert M. Alexander sold 12,267 shares of Capital One Financial stock in a transaction dated Thursday, August 26th. The shares were sold at an average price of $174.23, for a total transaction of $2,137,279.41. The disclosure for this sale can be found here. Over the last three months, insiders have sold 285,073 shares of company stock valued at $46,279,480. 1.31% of the stock is owned by company insiders.
Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, July 22nd. The financial services provider reported $7.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.78 by $2.93. Capital One Financial had a net margin of 37.90% and a return on equity of 19.07%. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.13 billion. During the same quarter in the previous year, the firm posted ($2.21) EPS. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. Analysts forecast that Capital One Financial Co. will post 24.3 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 20th. Shareholders of record on Monday, August 9th were issued a dividend of $0.60 per share. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.40. This represents a $2.40 annualized dividend and a yield of 1.51%. The ex-dividend date was Friday, August 6th. Capital One Financial’s dividend payout ratio (DPR) is currently 41.45%.
Several analysts have recently commented on the stock. Seaport Global Securities assumed coverage on shares of Capital One Financial in a research report on Monday, August 30th. They issued a “neutral” rating on the stock. Wells Fargo & Company increased their price target on shares of Capital One Financial from $155.00 to $180.00 and gave the company an “overweight” rating in a research report on Monday, July 12th. Credit Suisse Group raised their target price on shares of Capital One Financial from $182.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, July 23rd. Seaport Res Ptn restated a “neutral” rating on shares of Capital One Financial in a research report on Monday, August 30th. Finally, Stephens raised their target price on shares of Capital One Financial from $152.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Friday, July 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $166.27.
About Capital One Financial
Capital One Financial Corp. operates as a financial holding company. The firm engages in the provision of financial products and services. It operates through the following segments: Credit Card, Consumer Banking and Commercial Banking. The Credit Card segment offers domestic consumer and small business card lending, and international card lending businesses.
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